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Side-by-side financial comparison of COHEN & STEERS, INC. (CNS) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.

COHEN & STEERS, INC. is the larger business by last-quarter revenue ($143.8M vs $124.7M, roughly 1.2× SMITH & WESSON BRANDS, INC.). COHEN & STEERS, INC. runs the higher net margin — 24.3% vs 1.5%, a 22.7% gap on every dollar of revenue. On growth, COHEN & STEERS, INC. posted the faster year-over-year revenue change (2.9% vs -3.9%). SMITH & WESSON BRANDS, INC. produced more free cash flow last quarter ($16.3M vs $-126.4M). Over the past eight quarters, COHEN & STEERS, INC.'s revenue compounded faster (8.3% CAGR vs -4.8%).

Cohen & Steers is an American investment management company. It focuses on investments in real estate securities via real estate investment trusts (REIT) and alternative income via preferred securities.

Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.

CNS vs SWBI — Head-to-Head

Bigger by revenue
CNS
CNS
1.2× larger
CNS
$143.8M
$124.7M
SWBI
Growing faster (revenue YoY)
CNS
CNS
+6.7% gap
CNS
2.9%
-3.9%
SWBI
Higher net margin
CNS
CNS
22.7% more per $
CNS
24.3%
1.5%
SWBI
More free cash flow
SWBI
SWBI
$142.7M more FCF
SWBI
$16.3M
$-126.4M
CNS
Faster 2-yr revenue CAGR
CNS
CNS
Annualised
CNS
8.3%
-4.8%
SWBI

Income Statement — Q4 FY2025 vs Q2 FY2026

Metric
CNS
CNS
SWBI
SWBI
Revenue
$143.8M
$124.7M
Net Profit
$34.9M
$1.9M
Gross Margin
24.3%
Operating Margin
28.0%
3.3%
Net Margin
24.3%
1.5%
Revenue YoY
2.9%
-3.9%
Net Profit YoY
-23.9%
-53.6%
EPS (diluted)
$0.67
$0.04

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CNS
CNS
SWBI
SWBI
Q4 25
$143.8M
$124.7M
Q3 25
$141.7M
$85.1M
Q2 25
$136.1M
$140.8M
Q1 25
$134.5M
$115.9M
Q4 24
$139.8M
$129.7M
Q3 24
$133.2M
$88.3M
Q2 24
$121.7M
$159.1M
Q1 24
$122.7M
$137.5M
Net Profit
CNS
CNS
SWBI
SWBI
Q4 25
$34.9M
$1.9M
Q3 25
$41.7M
$-3.4M
Q2 25
$36.8M
$8.6M
Q1 25
$39.8M
$2.1M
Q4 24
$45.8M
$4.5M
Q3 24
$39.7M
$-1.9M
Q2 24
$31.8M
$27.9M
Q1 24
$34.0M
$7.9M
Gross Margin
CNS
CNS
SWBI
SWBI
Q4 25
24.3%
Q3 25
25.9%
Q2 25
28.8%
Q1 25
24.1%
Q4 24
26.6%
Q3 24
27.4%
Q2 24
35.5%
Q1 24
28.7%
Operating Margin
CNS
CNS
SWBI
SWBI
Q4 25
28.0%
3.3%
Q3 25
34.5%
-3.5%
Q2 25
31.8%
9.3%
Q1 25
33.6%
4.1%
Q4 24
35.3%
5.8%
Q3 24
33.7%
-1.7%
Q2 24
31.5%
17.4%
Q1 24
32.8%
8.2%
Net Margin
CNS
CNS
SWBI
SWBI
Q4 25
24.3%
1.5%
Q3 25
29.4%
-4.0%
Q2 25
27.1%
6.1%
Q1 25
29.6%
1.8%
Q4 24
32.8%
3.5%
Q3 24
29.8%
-2.1%
Q2 24
26.1%
17.5%
Q1 24
27.7%
5.7%
EPS (diluted)
CNS
CNS
SWBI
SWBI
Q4 25
$0.67
$0.04
Q3 25
$0.81
$-0.08
Q2 25
$0.72
$0.19
Q1 25
$0.77
$0.05
Q4 24
$0.89
$0.10
Q3 24
$0.77
$-0.04
Q2 24
$0.63
$0.60
Q1 24
$0.68
$0.17

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CNS
CNS
SWBI
SWBI
Cash + ST InvestmentsLiquidity on hand
$145.5M
$22.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$562.0M
$363.2M
Total Assets
$876.7M
$548.6M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CNS
CNS
SWBI
SWBI
Q4 25
$145.5M
$22.4M
Q3 25
$98.1M
$18.0M
Q2 25
$95.4M
$25.2M
Q1 25
$65.2M
$26.7M
Q4 24
$183.0M
$39.1M
Q3 24
$106.5M
$35.5M
Q2 24
$122.0M
$60.8M
Q1 24
$99.5M
$47.4M
Stockholders' Equity
CNS
CNS
SWBI
SWBI
Q4 25
$562.0M
$363.2M
Q3 25
$550.3M
$364.4M
Q2 25
$528.5M
$372.5M
Q1 25
$507.7M
$366.9M
Q4 24
$511.7M
$371.5M
Q3 24
$491.0M
$380.0M
Q2 24
$463.2M
$399.9M
Q1 24
$378.9M
$376.4M
Total Assets
CNS
CNS
SWBI
SWBI
Q4 25
$876.7M
$548.6M
Q3 25
$801.6M
$554.6M
Q2 25
$751.0M
$559.6M
Q1 25
$834.9M
$578.9M
Q4 24
$812.4M
$587.4M
Q3 24
$727.8M
$571.3M
Q2 24
$784.1M
$577.4M
Q1 24
$680.7M
$570.6M

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CNS
CNS
SWBI
SWBI
Operating Cash FlowLast quarter
$-120.4M
$27.3M
Free Cash FlowOCF − Capex
$-126.4M
$16.3M
FCF MarginFCF / Revenue
-87.9%
13.1%
Capex IntensityCapex / Revenue
4.2%
8.8%
Cash ConversionOCF / Net Profit
-3.45×
14.22×
TTM Free Cash FlowTrailing 4 quarters
$-253.6M
$21.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CNS
CNS
SWBI
SWBI
Q4 25
$-120.4M
$27.3M
Q3 25
$55.1M
$-8.1M
Q2 25
$-67.6M
$40.8M
Q1 25
$-108.9M
$-9.8M
Q4 24
$96.7M
$-7.4M
Q3 24
$25.6M
$-30.8M
Q2 24
$31.4M
$43.7M
Q1 24
$4.9M
$25.2M
Free Cash Flow
CNS
CNS
SWBI
SWBI
Q4 25
$-126.4M
$16.3M
Q3 25
$52.6M
$-12.4M
Q2 25
$-69.8M
$33.5M
Q1 25
$-110.0M
$-16.1M
Q4 24
$85.0M
$-10.7M
Q3 24
$24.2M
$-35.5M
Q2 24
$27.1M
$38.2M
Q1 24
$537.0K
$7.0M
FCF Margin
CNS
CNS
SWBI
SWBI
Q4 25
-87.9%
13.1%
Q3 25
37.1%
-14.6%
Q2 25
-51.3%
23.8%
Q1 25
-81.8%
-13.9%
Q4 24
60.8%
-8.3%
Q3 24
18.2%
-40.2%
Q2 24
22.3%
24.0%
Q1 24
0.4%
5.1%
Capex Intensity
CNS
CNS
SWBI
SWBI
Q4 25
4.2%
8.8%
Q3 25
1.8%
5.0%
Q2 25
1.6%
5.2%
Q1 25
0.8%
5.4%
Q4 24
8.3%
2.5%
Q3 24
1.1%
5.3%
Q2 24
3.5%
3.5%
Q1 24
3.5%
13.2%
Cash Conversion
CNS
CNS
SWBI
SWBI
Q4 25
-3.45×
14.22×
Q3 25
1.32×
Q2 25
-1.84×
4.73×
Q1 25
-2.74×
-4.68×
Q4 24
2.11×
-1.63×
Q3 24
0.65×
Q2 24
0.99×
1.57×
Q1 24
0.14×
3.20×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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